DOOM for the Dollar could be a reality in the coming weeks!
Hey folks, not a trading call today but maybe this helps some of you get a direction in the coming weeks.
We have a VERY STRONG sell signal in the Dollar Index now. Its called a "Railroadtrack" its a old signal dating back to the 80s/90s and is considered to be very reliable even in todays markets.
Remember that this is a weekly signal so its powerful but do not just short the market on monday and complain to me when you blow your accounts because it does not drop right away :P
What is very possible next week is that this RRT gets retraced to maybe 30 - 50% of its move. That is still normal and would be a perfect way to play this on the short side. It is also very possible that we will now drop very very fast so be ready for that, too.
2nd Scenario is even more likely because since Skynet has taken over the markets we traders get fewer and fewer chances to enter markets on nice and safe levels ... Thats intended and we have to live with that.
What is not shown here is that Trend in quarterly is down and that we now have a quarterly stop grabber, too (thats another very strong sell signal for the greenback.
kk stay safe and I hope you can use this info to make some money :D
We have a VERY STRONG sell signal in the Dollar Index now. Its called a "Railroadtrack" its a old signal dating back to the 80s/90s and is considered to be very reliable even in todays markets.
Remember that this is a weekly signal so its powerful but do not just short the market on monday and complain to me when you blow your accounts because it does not drop right away :P
What is very possible next week is that this RRT gets retraced to maybe 30 - 50% of its move. That is still normal and would be a perfect way to play this on the short side. It is also very possible that we will now drop very very fast so be ready for that, too.
2nd Scenario is even more likely because since Skynet has taken over the markets we traders get fewer and fewer chances to enter markets on nice and safe levels ... Thats intended and we have to live with that.
What is not shown here is that Trend in quarterly is down and that we now have a quarterly stop grabber, too (thats another very strong sell signal for the greenback.
kk stay safe and I hope you can use this info to make some money :D
Comment:
Quick Update. So far all looks good. The SIgnals have confirmed and are in play. We are currently in the retrace that I posted about above :) Great spots to go short and risk is reduced now
Comment:
OK update very important!
Today could be decision day already. We are close to 101 and this is the maximum retrace this should get. This is exactly so far as my system suggests. If we go to 101 now and then fall it has done everything exactly as it should.
IF the fall does start at 101 it will run long and dollar will loose much in the coming weeks...
IF the fall does not start at 101 and it goes higher to lets say 101.5 and maybe even stays there. Its time to leave Dollar shorts and wait for the next big reversal target at 107
Today could be decision day already. We are close to 101 and this is the maximum retrace this should get. This is exactly so far as my system suggests. If we go to 101 now and then fall it has done everything exactly as it should.
IF the fall does start at 101 it will run long and dollar will loose much in the coming weeks...
IF the fall does not start at 101 and it goes higher to lets say 101.5 and maybe even stays there. Its time to leave Dollar shorts and wait for the next big reversal target at 107
Comment:
Looks good so far ... Nothing more to add I would look for shorts now.